Management

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    Mainstreaming environmental, social and corporate governance

Mainstreaming environmental, social and corporate governance

Businesses in today’s marketplace, in both the financial and non-financial sectors, have to pay attention to the environmental and social impact of what they do, as well as to respect high standards of corporate governance. The group of standards is commonly referred to as ‘ESG’. ESG is now a mainstream activity. President Trump resists. He is mistaken (again).

I see […]

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    The trade-offs between labour productivity and decarbonisation

The trade-offs between labour productivity and decarbonisation

In a recent paper, we show how decarbonisation in industrial plants interacts with efficiency-driven initiatives regarding flow management, waste reduction and workforce commitment, which represent three key fields in which high-performance shop floors strive. Inventory turnover reflects our measure for improvements in flow. The ratio of the total manufacturing cost to the cost of materials indicates how efficiently firms carry […]

November 26th, 2019|Environment, Management|0 Comments|

How to turn trust into a competitive advantage

Business is facing an existential trust crisis, a recent article found. Companies from Boeing to Facebook are losing the public’s faith by paying insufficient attention to trust as an important ingredient for answering their stakeholders’ needs. But where there is a crisis, there is an opportunity, too. How can business leaders turn trust into a competitive advantage?

Trust matters because […]

November 20th, 2019|Management, Strategy|1 Comment|

Transforming the labour governance of global supply chains

Activists and academics alike hailed the conclusion of the Accord on Fire and Building Safety which offered hope that lessons had been learned from the carnage of the 2013 Rana Plaza building collapse in Bangladesh. Lauded as a “landmark,” a “gamechanger,” a “breakthrough,” this transnational industrial relations agreement (TIRA) between 222 global brands and retailers and IndustriALL and UNI […]

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    Creating momentum for digital transformation without a burning platform

Creating momentum for digital transformation without a burning platform

We know: the most important factor to drive change is a blazingly obvious reason to act. Change management calls these drivers ‘burning platform’ as a metaphor for urgent crises that demand immediate and swift reaction. A blazingly obvious reason to act. Yet, when it comes to venturing into a daring digital transformation strategy, most organisations have no immediate reason […]

November 8th, 2019|Strategy|0 Comments|

The unexpected effect of high-speed trains on board talent

London-Paris, Barcelona-Madrid, Rome-Bologna – what is common among these city pairs? Surprisingly enough, travelling between these cities is faster by train than by plane. In fact, fast trains connect Europe quite well, allowing passengers to hop from city to city via rail.

Many passengers prefer taking trains over flying. One steps out at the city centre directly, wastes no time […]

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    Businesses should report not only on gender but also on race

Businesses should report not only on gender but also on race

Tackling structural inequalities in the UK is fundamental to social cohesion and to enabling economic growth to benefit all. And the case for businesses to do so is clear. Reducing the gender pay gap in labour market participation, Science, technology, engineering and maths (STEM) qualifications and wages could increase the UK economy by £55 billion by 2030. Likewise, companies […]

October 26th, 2019|Gender, Management|0 Comments|
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    A market for values would reconcile profit with a higher social purpose

A market for values would reconcile profit with a higher social purpose

How would capitalism be if values such as environmentalism were tradable on a market? How would companies contribute to society if we could price not only goods and services, but also principles such as justice? Economic transactions involving the choice and practical implementation of socially relevant values may be an option to reconcile sustainability and profit, and, more in […]

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    Family business: when succession creates conflict between family and firm hierarchies

Family business: when succession creates conflict between family and firm hierarchies

Succession planning is a vexing issue for family businesses throughout the world. Orchestrating a smooth and successful generational transfer of power is key to family firms’ success — and, in fact, their survival. Research on what makes for successful transition has often focused on the two apparent main actors: the current CEO and the successor.

However, in a six-year research […]

October 22nd, 2019|LSE alumni, Management|0 Comments|
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    Social media cues about your political leanings might influence whether you’re hired or not

Social media cues about your political leanings might influence whether you’re hired or not

Highly charged political issues appear daily in the news in Europe and the US. In Europe, the English Brexit vote, French energy taxes/policy, and immigration issues in many countries have aroused intense emotions. These feelings manifested in England with extreme behaviours such as throwing milkshakes at politicians and in France with months of rioting. In the US, political discussions […]

Want to make your company agile? Start from HR

Agile methodology is increasingly embraced by a wide variety of organisations in different contexts and competitive situations.  Its roots, as a movement, go back to the creation of the Agile Manifesto in 2001 by 17 thought leaders from software development.  Agility is characterised by speed, adaptation to external changes, multiple iterations and fast and direct communication with the user.

Agile […]

October 16th, 2019|Management|0 Comments|
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    How companies organise jobs may go a long way towards alleviating employees’ commuting hell

How companies organise jobs may go a long way towards alleviating employees’ commuting hell

Whether you take the bus, the train or a car, commuting equals boredom, occasional strain and mostly a lot of lost time. On average, commuting takes up 38 minutes a day summing up to several 24-hour days a year. Such a massive time investment should have a serious return, right? Obviously, it does. Commuting enables many of us to […]

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    As AI expands, companies must allow employees to rethink their jobs

As AI expands, companies must allow employees to rethink their jobs

Artificial Intelligence (AI) is poised to transform the business world. It is not the first time that technologies have done so. Decision support systems, expert systems (already integrating AI) and knowledge management systems, which were promoted by the largest consulting firms and IT manufacturers, monopolised the interest of companies in the late 1990s. Yet, despite the undeniable benefits they […]

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    Service delivery networks at German airports: jeopardising industrial peace on the ground?

Service delivery networks at German airports: jeopardising industrial peace on the ground?

In principle, as is said for services more generally, the link between managing the work force and operative service performance is particularly strong in aviation, especially in airports serving as the logistical hubs for passengers as well as freight. On top, sound employment relations and working conditions are connected to service processes that require a high level in terms […]

Why adopting an official corporate language is not enough

The founder of Rakuten, Inc., the largest e-commerce site in Japan, now among the world’s largest by sales, decided to introduce an English-only policy in his company in 2012. As global business accelerated and it shifted from a Japan-based venture to a global internet services company, ‘Englishnisation’ initiatives were launched to accelerate the smooth integration of 17,000 employees worldwide. […]

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    How digital businesses can leverage the high cost for consumers to switch platforms

How digital businesses can leverage the high cost for consumers to switch platforms

As industry boundaries are reshaped by digitisation, firms are developing more continuous and open-ended relationships with stakeholders as well as more intense coordination among firm functions across the value chain. However, strategically responding to the new digital landscape requires rethinking how digital business models can most securely lock-in customers. I argue that, when coupled with other foundational digital strategies, […]

The potential dark side of teamwork

Most work today is done in teams where employees collaborate, discuss new ideas, and share responsibilities for specific goals. While this leads to a lot of good – like greater productivity and performance – teamwork can also be demanding and cause a lot of frustration. There are coordination costs to managing teams, as well as interpersonal conflicts that put […]

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    Why are some executives paid mostly in salary, while others in bonus?

Why are some executives paid mostly in salary, while others in bonus?

In 2016 Dave Barnes, chief information and global business services officer of UPS, received a salary of $491,000 and a bonus payment of $251,000, while Pawan Verma, chief information and customer experience officer at Foot Locker, had a salary of $216,000 and a bonus of $664,000. Why in one case did the CIO receive the majority of his compensation in salary, […]

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    Can organisational culture explain the labour market discrimination of ethnic minorities?

Can organisational culture explain the labour market discrimination of ethnic minorities?

The most recent statistics confirm an ongoing reality for British black and minority ethnic (BME) groups, which is that they are typically twice as likely to be unemployed as their white counterparts. Indeed, while overall unemployment rates remained static between the January-March and April-June 2019 accounting periods, the rates for white unemployment improved marginally from 3.4 to 3.3 per […]

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    How management structures can help firms hire and keep their best people

How management structures can help firms hire and keep their best people

Total Factor Productivity (TFP) is a measure used by economists and business people to quantify the productivity of economies and firms. It essentially measures how efficiently and intensively the inputs to production (like capital and labour) are used. TFP receives a lot of attention and is often the main point of motivation behind research projects. Technology affects how these […]

September 9th, 2019|Economics, Management|1 Comment|